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Newspaper
Independent
Location
Long Beach, California, United States of America
Date
Dec 22, 1969
Page
29
New York experts advise using printed receipts and journal tapes to audit purchases. Check item counts, itemized prices, and clerk codes, compare with the journal and receipt, and return any discrepancies with management present. Count change at checkout to stretch Christmas savings.
The Securities and Exchange Commission plans to halt trading in seven shell stock issues and file injunctions against five companies and 13 individuals as part of a broad push against the sale of defunct corporate shells. The crackdown targets promoters who push inflated or misleading offerings and warns brokers of potential violations as investigations expand nationwide.
Sylvia Porter surveys art as an investment highlighting rising sale prices last decade, the spread of art funds and advisory services, and growing museum access. Inflation, education, travel, and shrinking supply fuel demand. both profit and aesthetic value are possible. Tomorrow's column will offer guidelines.
An analysis by Dr. Charles Harlow explains how a trader near full carrying charge should favor the March wheat contract over May for potential profit. A position spreader is noted for exploiting price differences, with contact details provided for further questions.
Walter Hoadley an economist and Bank of America executive argued in a radio interview that federal economic laws of the past 35 years fuel inflation. He urged a full review to halt inflationary psychology, noting laws increased inflation and raised public expectations. He predicted little rise in unemployment among married workers next year.
For a 67 year old on Social Security with 15000 saved, consider U S Treasury bonds in five to 10 year maturities yielding around 7 2 percent to a bit over 6 percent. Treasury notes and bills, plus agency bonds from entities like Federal Intermediate Credit Banks and Federal Home Loan Banks, provide similar yields with backing by the Treasury. Start with 1000 to 10000 units via banks or brokers and seek guidance on the best fit for income and safety.
The first Boeing 747 to visit California was shown to officials and media at San Francisco International Airport on Sunday. The jet carries 362 passengers and Pan American Airways pilot Capt Ira Andersen from Menlo Park piloted a one hour flight over Northern California ending with a hands off landing.
William A. Fisher aged 83 and one of the seven founders of Fisher Body Corp. died Saturday night in Detroit. He joined the firm in 1908 as director and served as chief executive until 1944. Fisher helped form the Fisher Body Division of General Motors after GM bought a controlling stake in 1919 and the unit was established in 1926. He supported Detroit culture and education and lived as a gentleman farmer near Rochester, Michigan.
Apex Smelting Co. announces modernization at the Long Beach plant. President K Harold Lankman says a 75 ton aluminum melting furnace will be installed. Zinc furnace will be replaced and zinc capacity increased. The plant at 2211 E Carson St produces secondary aluminum ingot and zinc alloys for die casting and foundry industries. AMAX Aluminum Co. is a subsidiary of AMAX American Metal Climax Inc.
Donald H. Felter a 45 year old electrical contractor was in police custody Sunday after firing at partygoers to quiet a bachelor party across the street. Louis J. Munoz 2 was struck in the knee by a single shot. Felter was charged with assault to commit murder.
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